Another newcomer to the main market...anybody any idea what the production figures are ?

Why?

that's not a bad bet, but next hurdle will be the at falling 50 dma

Wouldnt be a seller either. A holder then .

from today's ft:

Chinese to drive energy M&A
Chinas oil and gas companies are set to continue their global mergers and acquisitions drive this year after the countrys top three groups reported strong profits for 2010 and outlined future acquisition plans. PetroChina and Sinopec plan to spend a combined $36bn on exploration and production investments this year. Cnooc, which spent $9.9bn last year on oil and gas investments, said that its expenditure would continue to rise.
Yang Hua, Cnoocs chief executive, said: In the next few years, we will be more proactive on exploration investments. Chinese oil and gas companies accounted for about one-fifth of global M&A activity in the sector in 2010. Based on company forecasts they will continue to be a significant driver of investment this year, at a time when global oil majors, such BP and ConocoPhillips are shedding assets.

got a few more sorry wrong share bought more mrw

GF i no you filtered me but you can now addmit i was correct . be a man not a flea

to all holders of stock remember it is year end always happens

Not sure I agree with you there. At year end many shorters close their position. Remember we still have a few days to go before then so much could still change on some shares. As always in this market, when things happen they happen very quickly so vigilence is required.

myself i always act 2 weeks before year end and most of the players i no. . i will put my 20k back in on 6th but in enogh share

March 30, 2011, 2:41 AM EDT

By Stephen Cunningham

March 30 (Bloomberg) Tullow Oil Plc sold stakes in Ugandan exploration blocks to Total SA and China National Offshore Oil Corp. for $2.9 billion, paving the way for the development of the Lake Albert Basin after the deal was held up by a tax dispute.

Tullow will retain a one-third interest in the blocks after the sale, the London-based company said today in a statement. Once Tullow makes tax payments to Uganda, final approval will be granted by the government.

The deal seeks to put an end to a tax dispute thats held up Tullows plans to develop the East African nations oil industry for a year. Chief Executive Officer Aidan Heavey is targeting production of at least 200,000 barrels of oil a day from the venture.

Last year, London-based Tullow paid about $1.5 billion to Heritage Oil Plc for its interests in Block 1 and 3A in the Lake Albert basin. Uganda withheld final approval of the deal until the issue of capital gains tax was resolved.

Todays agreement includes Tullows interests in Exploration Areas 1, 2 and 3A in Uganda. New licenses have also been given for EA-1 and an onshore area of EA-3A, as well as the rights to develop the Kingfisher discovery.

As part of the agreement, Tullow will pay stamp duty on the purchase from Heritage levied at 1 percent. It will also have to pay capital gains tax on the transaction pending the resolution of a dispute between the government and Heritage.

Tullow also disputes the payment of $472.7 million to the government in respect of capital gains tax for the sale of the stakes to Total and CNOOC.

is it not funny that ramping posters like gf vanish when the sp falls .

why is someone who disagrees held to be a (de)ramper?

as for you (Mr T) your opinion seems to change with the slightest breeze - e.g. for HOIL, you have at various times in the recent past said, it's a great share, it should be sold, it should be held, you've sold but will buy back later, you've sold but and will NOT buy back .... Mr Consistency you are not!

Actually - he is !

oh all right! .... he's consistently inconsistent - i give in!!

LOL.

Sold mine.

Buying back in later. looks to me like they will drift down to support. best to take a quick loss.

cynic . i have only stated that if there was a bidder they would be over 400p .
and i have also said they are a good share to hold and will come good it is just when and at this SP it is better than buying at 310p plus
as for gf i told him to sell and buy back sub 300p he as now sold sub 300p
i thing that says it all about gf

sorry Mr T, but you should re-read your own posts ..... "sticky digit" neither ramps nor deramps, whatever those descriptives may mean, but assuredly doesn't always get it right either!

cynic .end of that . i am going to start buying at this level and happy to

lol! ..... don't get your feathers ruffled ..... i'm happy to be a holder as have felt for a while that the market has chosen to forget the importance of this huge gas filed

Tankers RAMP, in full.......

TANKER - 22 Mar 2011 08:07 - 397 of 418
back to 270p soon be aware......... ends.


TANKER - 22 Mar 2011 12:20 - 418 of 482
gold they have on several accasions given out the same info on other companys nothing come of these . look at sainsbury they have had several bids but still no one has bid . my self i think it is still a good to hold thiis share

goldfinger - 22 Mar 2011 13:07 - 419 of 482
??????????????????????????????????????????????????????????????????????????

TANKER - 22 Mar 2011 08:07 - 397 of 418
back to 270p soon be aware......... ends.

Are u sure your not wanting to try to load up on the cheap ????????????????????

TANKER - 22 Mar 2011 13:22 - 420 of 482
yes i would love too


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